US PPI for final demand rose 1.4% mom in March, above expectation of 1.1% mom. For the 12-month period, PPI accelerated to 11.2% yoy, up from 10.2% yoy, above expectation of 10.5% yoy. That’s also the largest increase since the 12-month data were first calculated in November 2010.
PPI for final demand goods rose 2.3% mom while PPI for final demand services rose 0.9% mom. PPI final demand less goods, energy and trade services rose 0.9% mom, fastest since January 2021. For the 12 months, PPI for final demand less foods, energy and trade services rose 7.0% yoy.
